Perfios Technology Solutions wins Zurich Innovation Championship Indonesia title for health claims analytics solution

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JAKARTA (ANTARA/ACN Newswire) – Perfios was recognized for its innovative solution Perfios Acclaim at an award ceremony held by Zurich Insurance Indonesia in Jakarta on April 30, 2024. Guests included Benny Jioe (Head of Digital Transformation, Zurich), Daniel Susanto (Digital Project Manager, Zurich), Amitabh Singh (Chief Commercial Officer, APAC and EMEA) and Mahendra Ramaiyyah (Director of Insurance Acquisition, APAC).

Zurich Innovation Championship

The Zurich Innovation Championship is a global competition organized by Zurich Insurance, one of the world’s largest insurance companies with operations in more than 215 countries. This annual event seeks startups that not only pursue profitability but also strive to make a significant social impact. The championship emphasizes the creation of new value propositions and the provision of innovative services, rather than just product distribution. By winning this prestigious competition, Perfios has become a key player in shaping the insurance industry through impactful solutions.

Award Criteria and Eligibility

The Zurich Innovation Championship selection process is rigorous and global, focusing on companies with a dual purpose: profitability and social progress. Entrants will be evaluated on their ability to solve major industry problems with innovative solutions that have the potential to revolutionize market practices.

Award significance

The significance of winning the Zurich Innovation Championship cannot be understated. It highlights Perfios’ role as a transformative force in the insurance industry, particularly in the fight against claims fraud, which is a major cause of rising insurance premiums worldwide.

Perfios Advantages

Founded in 2019, Perfios Technology Solutions Sdn Bhd has rapidly expanded across Southeast Asia. Backed by top investors including Bessemer Venture Partners, Warburg Pincus, Kedaara Capital, and Ontario Teacher’s Venture Growth, Perfios recently raised US$80 million in its latest round of funding. Their clients include leading global banks and insurance companies who rely on Perfios to enable seamless digital transformation.

Supporting Quotes

Amitabh, Chief Commercial Officer of Perfios Insurance International, said: “We are honored to receive this recognition from Zurich Insurance Indonesia. Perfios Acclaim embodies our vision to provide insurance companies with cutting-edge technology to streamline their operations and prevent fraud.”

Future goals

Winning the Zurich Innovation Championship aligns perfectly with Perfios’ mission to provide innovative, reliable technology to insurance companies. Perfios Acclaim aims to expand its presence in Asia and further solidify its leadership in the insurance technology space.

About Perfios Acclaim

Perfios Acclaim is dedicated to solving the pressing challenge of underreporting in health insurance claims, which costs the industry up to $28 billion per year due to fraudulent or ineligible claims. Traditional approaches don’t work because it’s difficult for human assessors to correlate data across large volumes of files to detect fraud. Perfios Acclaim integrates claims digitization and fraud detection into a unified solution, enabling straight-through processing (STP) and automated adjudication. This reduces processing time from more than a week to just 30 minutes and saves up to 5% on claims spend in regions such as Vietnam, Malaysia and Indonesia. For more information, visit https://perfios.ai/acclaim/.

Media Contact:

Komaldeep Kaur Dil

Marketing in Asia

Email: komal@mianext.com

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